Chevron Corp.

New York symbol CVX, is the second-largest integrated oil company in the United States after ExxonMobil. Production accounts for about 80% of its earnings. The remaining 20% comes from refineries and retail gas stations.

MCDONALD’S CORP., $303.76, New York symbol MCD, is your #1 Conservative Buy for 2024.

The company is the world’s largest fast-food chain with over 42,000 restaurants in 119 countries. It serves a wide variety of food but is best known for its hamburgers and french fries.

McDonald’s has raised its annual dividend rate each year since 1976....
VERIZON COMMUNICATIONS INC., $44.43, New York symbol VZ, is a buy.

The telecom provider is the second-largest wireless carrier in the U.S. after AT&T, with 114.2 million consumer cellphone subscribers. It also sells traditional telephone lines, high-speed Internet and TV services.

With the November 2024 payment, Verizon will raise your quarterly dividend by 1.9%, to $0.6775 a share from $0.655....
Dear Client,

In July 2024, I commented in our weekly Inner Circle Question & Answer Report that a lot of changes are now going on in the world, particularly in U.S. politics and law. Some of these changes are good and others are bad. Some are trivial and others will have longstanding consequences.

At the time, I said that one of the most far-reaching and beneficial developments in U.S....
A lot of change is now going on in the world, particularly in the area of U.S. politics and law—some good, some bad. I’ll say more about these trends in our next client letter. In my opinion, however, one of the most far-reaching and beneficial developments in U.S....
ANDREW PELLER LTD. (class A shares) remains a buy for long-term gains.

The company, Toronto symbols ADW.A (non-voting) $3.82 and ADW.B $5.05, is Canada’s second-largest wine producer, after Arterra Wines.

Peller last raised your quarterly dividend by 10% with the July 2021 payment....
TEXAS INSTRUMENTS INC., $194.99, Nasdaq symbol TXN, is still a buy.

The company is a leading maker of analog chips. Its products convert inputs, like touch, sound and pressure, into electronic signals that computers can understand.

Texas Instruments is now building a new facility in Sherman, Texas, to house as many as four new chipmaking plants....
J.P. MORGAN CHASE & CO., $185.80, New York symbol JPM, is a buy.

Morgan is the largest banking firm in the U.S., with total assets of $4.09 trillion as of March 31, 2024.

With the April 30, 2024, payment, Morgan will increase your quarterly dividend by 9.5%, to $1.15 a share from $1.05....
A key rule of our three-part Successful Investor strategy is to spread your money out across most if not all of the five main economic sectors (Manufacturing & Industry; Resources & Commodities; Consumer; Finance; and Utilities).


This has two main benefits: a) It keeps you from investing too heavily in any industry or sector that is headed into a period of big losses; and b) by spreading your investments out more widely, it also improves your chances of latching onto a market superstar—a stock that will wind up producing two, five or 10 times more profit than average.


Here we discuss ETFs that represent two of the main equity sectors—Resources, and Utilities—while the section starting on page 43 looks at the remaining three sectors represented by three additional ETFs....

CHEVRON CORP. $155 is a buy. The integrated oil producer (New York symbol CVX; Cyclical-Growth Dividend Payer Portfolio, Resources sector; Shares outstanding: 1.9 billion; Market cap: $294.5 billion; Dividend yield: 4.2%; Dividend Sustainability Rating: Above Average; www.chevron.com) raised your quarterly dividend by 7.9% with the March 2024 payment....

We recommend that most investors maintain some exposure to the oil and gas industry as part of a balanced portfolio. That’s mainly because it offers a hedge (some protection) against inflation.


To further cut your risk, you should focus mainly on high-quality producers, like Chevron, with large reserves in politically stable countries....